Adobe (NASDAQ; ADBE) recently announced its fiscal first quarter results for the period ending February 2025, reporting earnings of $5.08 per share on revenues of

Not only that, but Adobe reported $2.5 billion in positive free cash flow for the quarter, twice last year's $1.2 billion, and 36% more than reported net income. By these metrics, the quarter looked exceptionally strong, and earnings quality at Adobe was very good.

Key Takeaways U.S. equities dropped at midday, again driven lower by concerns about new tariffs. Adobe shares sank when the software maker's guidance disappointed investors.Gold traded at a record, sending shares of mining companies higher.